新美亚电子 2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”, and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [] SANMINA CORPORATION PART I. FINANCIAL INFORMATION Item 1.Interim Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of IncomeCondensed Consolidated Statements of Comprehensive IncomeCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsNote 1. Basis of PresentationNote 2. Revenue RecognitionNote 3. Financial InstrumentsNote 4. DebtNote 5. LeasesNote 6. Trade Receivables Sales ProgramsNote 7. Commitments and ContingenciesNote 8. Income TaxNote 9. Stockholders’ EquityNote 10. Business SegmentNote 11. Earnings Per ShareItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPART II. OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.ExhibitsSignatures SANMINA CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note1.Basis of Presentation The accompanying condensed consolidated financial statements of Sanmina Corporation (the “Company”) have beenprepared pursuant to the rulesand regulations of the Securities and Exchange Commission (“SEC”). Certain information and notedisclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accountingprinciples (“GAAP”) have been omitted pursuant to those rulesor regulations. The interim condensed consolidated financialstatements are unaudited, but reflect all adjustments, consisting primarily of normal recurring adjustments that are, in the opinion of The condensed consolidated financial statements include all accounts of the Company, its wholly owned subsidiaries andsubsidiaries in which the Company has a controlling financial interest. All intra-company accounts and transactions have been The preparation of financial statements requires management to make estimates and assumptions that affect the amountsreported in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from these Results of operations for the second quarter of 2025 are not necessarily indicative of the results that may be expected for The Company operates on a 52 or 53 week year ending on the Saturday nearest September30. Fiscal 2025 and 2024 are each52-week years. All references to years relate to fiscal years unless otherwise noted. Reclassification Beginning in the first quarter of 2025, the Company changed the presentation of deferred revenue and customer advances,which were previously included within accrued liabilities, to be a separate line item on the condensed consolidated balance sheets.Similarly, a separate line for the change in those amounts is presented on the condensed consolidated statements of cash flows. Certain Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure, which will require additionaldisclosure of certain costs and expenses within the notes to the financial statements. The disclosure requirements are effective for the In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures,which will require the Company, on an annual basis, to provide disclosure of specific categories in its effective income tax ratereconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for the Company in In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable SegmentDisclosures, which will require the Company to disclose information about its reportable segment’s significant expenses and other for the fiscal year ended 2025, and for interim periods within the Company's fiscal 2026, with early adoption permitted. The Companydoes not expect ASU 2023-07 to have a material impact on its financial statement disclosures. Note2.Revenue Recognition The Company has determined that revenue for the majority of its contracts is required to be recognized on an over time basis.This is primarily d